Brazilian securitization company VERT launches on-chain credit platform on XRP Ledger, issuing $130 million agricultural bonds

ChainCatcher news, according to CoinDesk, Brazilian securitization company VERT has launched a blockchain-based private credit platform on the XRP Ledger and issued agricultural receivable certificates worth 700 million Brazilian reais (approximately 130 million USD).

The official statement noted that the system integrates on-chain records and off-chain redundancy, thereby connecting Brazil's regulated financial infrastructure with blockchain infrastructure.